If you’re someone who’s determined to achieve success but unsure where to start, my recommendation is to begin by educating yourself. Reading the best books on how to make money is an excellent way to do this, as learning from those who have been in similar positions and succeeded can be beneficial.
While books can be an invaluable source of knowledge, it’s important to remember that they can’t teach you everything you need to know. Each publication has its strengths and weaknesses, so it’s crucial to keep an open mind and supplement your learning from other sources as well.
To help you get started on your path to success, I’ve put together a list of essential titles that you should prioritize studying right away.
How To Win Friends And Influence People – Dale Carnegie
Positive: Dale Carnegie’s book is a timeless classic that combines financial advice with life lessons. It encourages readers to focus on giving rather than receiving by using historical examples to show how kindness can lead to success.
Negative: While the book advocates for kindness, it oversimplifies problem-solving. The reader should be cautious about accepting every idea presented, as the real world can be harsh. Nonetheless, it’s an excellent read for young people searching for their identity and a source of kind words for older readers.
The 7 Habits Of Highly Effective People – Stephen Covey
This book has received mixed reviews, but after reading it, the author believes it’s a classic because it encourages people to set realistic goals and create a strategy to achieve them. By always keeping the end goal in mind and seeking a win-win situation, readers can learn from any challenges that arise.
Second paragraph: Although the author tried to approach this book objectively, they found several clichés and the 7 habits mentioned seemed mundane upon further examination. Despite its flaws, the book still had useful tips and tricks that the author continues to use in their business.
Rich Dad Poor Dad – Robert Kiyosaki
The good: Robert Kiyosaki emphasizes the importance of acquiring assets as the foundation for achieving wealth in his book. Despite being basic knowledge, it provides a great starting point for young people to develop their ideas. This book is motivational and can inspire anyone with a desire to make money.
The bad: While the book offers some good advice, it’s important not to blindly follow all of it. The author filed for bankruptcy in 2012, so some of the advice may be questionable.
The Richest Man In Babylon – George S. Clason
The good: Robert Kiyosaki emphasizes the importance of acquiring assets as the foundation for achieving wealth in his book. Despite being basic knowledge, it provides a great starting point for young people to develop their ideas. This book is motivational and can inspire anyone with a desire to make money.
The bad: While the book offers some good advice, it’s important not to blindly follow all of it. The author filed for bankruptcy in 2012, so some of the advice may be questionable.
A Random Walk Down Wall Street – Burton G. Malkiel
This book, with its catchy title, is an excellent resource for educating novice or inexperienced individuals on the intricacies of the stock market and offering insights into how things operate in reality. The Richest Man in Babylon is aimed at average investors, instructing them to forge their own path rather than constantly observing larger players. It examines bonds and various investment strategies utilized in the past, demonstrating what is effective and, more importantly, what is not.
While the book is geared towards beginners, it can be difficult and complex at times. Although one need not be an expert to comprehend it, some chapters may be challenging for the typical person. As a result, it may be better suited as a second or third book, rather than a first book, for those interested in learning about investing.
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